After we stop working can mean having to live on less income than before, so we’ll have some choices to make. Government help is available – including NZ Super – and there are other choices that we can make to have our money flowing when we pull back from work.
Decisions about retirement villages are important; they tend to have a long-term personal and financial impact. Buying into a retirement village is different from buying a house, and legal and financial matters are also more complicated.
Even if it seems a long way off, it pays to start planning for retirement as early as possible. The sooner we start, the better the position we’ll be in when we eventually stop working. While NZ Super (the government pension) can help us get by, it's our own savings that will help to make retirement fun and comfortable.
We’re living much longer these days which means that we could be retired for 30 years. So we’re going to need money coming in. From the age of 65 most New Zealand residents receive NZ Super every fortnight. But that might not be enough.
The current rates of NZ Super are listed here. Could we live on that? If not, it’s time to put some other plans in place.
New Zealand Superannuation (NZ Super) is the government pension paid to Kiwis over the age of 65. Any eligible New Zealander receives NZ Super regardless of how much they earn through paid work, savings and investments, what other assets they own or what taxes they have paid.
This list contains the names of businesses or individuals you should be wary of if you are planning to invest. Before you invest, we recommend you check the provider is licensed and read our steps to protect yourself from scams.
Forex trading is the buying and selling of foreign currencies. People trade in forex either to try to make a quick profit by betting on the changing value of a currency, or to provide certainty about the cost of future foreign currency payments (called ‘hedging’). But understand the risks. Forex trading for profit is very risky.
Thinking about making your money work harder but not sure where to start? There are many ways to invest your money, though some investments are riskier than others. Watch this video to find out more.
Investment returns don’t all end up in your pocket, so it’s worth making a call on how much you’re willing to pay for them.
More and more we will need to shoulder the responsibility of funding our lifestyles after we stop working. Instead of relying on pension plans to take care of us, we need to set up our future incomes ourselves. That means investing.
In this era of fake news, there are plenty of phony companies and websites out there. Be wary, especially overseas. If you have any doubts, don’t do it!
Equipping young people for their financial future, embedding good money habits early on.
Hāpaitia te ara tika, pūmau ai te rangatiratanga mo ngā uri whakatipu.
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